Gold: as per daily chart we are trading with a strong up
trend in gold. Currently trading at 1793 day trading range between 1748-1820,
short term trend will remain bullish minor resistance at 1805 above that
trading range will open for 1820-1849 in coming days. Major support seen at 1774
below 1774 day trading range will remain open for 1762-1752. Weekly trading
range will remain between 1680-1890.
Silver: intraday trading range will remain between
33.70-35.50, currently trading at 34.79 trends will remain bullish and silver
will try to taste 37 during this week. 35.30-35.70 area will remain resistance zones.
2 consecutive closes above 35.40 on 4 hour chart would confirm this rally till
37 and more upside. 33.80 will remain very strong support for current move for
targeting around 35.40-35.70 zones. But further move will confirm after closing
above said level. Bios are positive trend is strong up closing above said level
will supply more power to our said view. Buying in dips around 34.10-34.20 area
can be good idea for the day with stop below 33.70 for targeting 35.30-37
during this week. Weekly trading range will remain between 33-37.
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